KATHMANDU: The U.S. Delaware Supreme Court has restored Elon Musk’s 2018 Tesla CEO Compensation plan, ending a major legal dispute over executive pay. The performance-based pay package was approved by Tesla shareholders in 2018. It was originally valued at about…

KATHMANDU: The European Union is preparing to soften its 2035 ban on new petrol and diesel cars amid pressure from automakers and key member states, including Germany and Italy. According to global media reports, the European Commission may allow carmakers…

KATHMANDU: Nepal Rastra Bank (NRB) has tightened rules on vehicle and other retail loans, requiring banks and financial institutions to continuously monitor borrowers’ debt-to-income (DTI) ratios throughout the loan period. In a circular issued on Monday, the central bank directed…

KATHMANDU: Major global automakers have urged Washington to block Chinese car and battery makers from setting up factories in the United States. They say the future of the American auto industry is at risk, Reuters reports. The Alliance for Automotive…

KATHMANDU: President Donald Trump has proposed a sharp rollback of U.S. fuel-economy rules for cars and light trucks, according to global media reports. The plan was announced on December 3. The earlier rule required new cars and light trucks to…